Greece Industry November 2015

Greece: Industrial production rebounds in November

January 19, 2016

In November, industrial production rose a working-day adjusted 1.8% compared to the same month last year, which contrasted the 1.9% contraction tallied in October. The expansion reflected a broad-based improvement across the index.

Industrial output in November increased 2.3% over the previous month in seasonally-adjusted terms, which notably contrasted October’s revised 7.9% fall (previously reported: -7.8% month-on-month). However, annual average variation in industrial production fell from plus 0.1% in October to a flat reading in November.

Met the why particular Consensus Forecast panelists see industrial production contracting 0.2% in 2016, which is up 0.9 percentage points from last month’s forecast. In 2017, the panel sees industrial production growing 1.1%.

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The number of unemployed fell by 113 in November from the previous month and by 119,363 compared with November 2016, according to recent data released by the Hellenic Statistical Authority (EL.STAT).
The unemployment rate was unchanged from October’s revised 20.9% (previously reported: 20.8%).

Industrial production expanded a working-day-adjusted 0.8% in November compared to the same month of the previous year, which was slightly above October’s revised 0.7% growth (previously reported: +0.5% year-on-year).

Industrial production expanded a working-day-adjusted 0.5% in October compared to the same month of last year, which was notably below September’s revised 3.2% growth (previously reported: +2.4% year-on-year).